Bidding wars in the UK
If you aren't competing, via a bidding war, on a property right now, my first thought would be, what’s wrong with it! Okay, not all UK property is sought after but whilst supply remains low and demand high, prepare to partake in a bidding war, as opposed not. Today's overheated
What caused the rise in the UK house price index in March
Buyers and sellers embroiled in bidding wars, chains and negotiations know all too well how overheated the UK property market has been over the past year. So the revelation that the average house price had gone up 1.8% since February, making the average property value in England £274,615, hardly caused
How to navigate buying a UK Property when relocating from overseas
Relocating from abroad is stressful enough without having to navigate your way through the Uk’s property waters. On the whole, if you haven’t previously lived in the UK, I’d recommend renting first . Too often buyers base a search on a friends recommendation or a 10 day vacation to find
UK house prices increased by 8.6 percent – expect a ‘chain’ reaction
UK average house prices increased by 8.6 per cent in the year to February 2021, up 0.6 percent from January. Whilst sellers celebrate their homes going under offer in a day, they forget that they will now join the buying rabble. Any gains will, in most cases, be spent on any
When the 2% surcharge doesn’t apply when buying in the UK from overseas
From the 1st of April 2021, anyone looking to buy a property in the UK from overseas, will be subject to a 2% surcharge. Any purchase on a residential leasehold or freehold property by a non resident or by an unmarried couple, where one of them is a UK resident,
Bidding wars are rife as demand outstrips supply in the housing market but will all sales have been worth the battle?
The seesaw battle between supply and demand is long fought, but currently the UK housing market is buckling under the strain, desperate for reinforcements, as supply struggles to keep up. Last week saw Savills adjust their property forecast with an upward trajectory predicting Average UK house prices to rise +4 pc
April showers for the UK Property Market?
Don't be caught out this April in property showers. Next month is raining property deadlines and start dates. Listed below are some of the things to expect, prepare and brace yourself for. A 2% surcharge - Overseas purchasers will now have to pay an additional 2% surcharge on any property
EWS1 Forms revisited
New guidance issued by RICS aimed at releasing leaseholders from the necessity of an EWS1 form comes into play from the 5th of April 2021. The hope is this will encourage mortgage lenders to lend to sellers or owners looking to remortgage without the need for a fire survey. So what
The winners and losers from the 2021 Budget
Corporation Tax From April 2023 Corporation tax will increase from 19% to 25% this will greatly affect Landlords with portfolios listed as Limited Companies. It is though still a cheaper alternative than paying 40% on profits in income tax if a higher earner. Plus you still benefit by offsetting mortgage interest
